Gold has been the standard for measuring the wealth of individuals, countries, & governments for thousands of years. Today, the value of gold has risen from about $14 a Troy ounce back about 1950 to the current price of $1,694 per Troy ounce.

Co-owner of Bailey's Fine Jewelers in Bossier City, La. - Paul Little recently sat down with Tom Pace to discuss the current price of gold and why so many people are selling their goild and other precious metals.